Project 120 Chicago: Nonprofit Profile, Financials & Form 990 (EIN 46-3328527)

Revenue by fiscal year
FY2020	$10K
FY2021	$50

Expenses by fiscal year
FY2020	$30K
FY2021	$22K

Net assets by fiscal year
FY2020	−$495K
FY2021	−$517K

Is it real?

Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2023). Last full Form 990: 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

86%

14%

Program services 86% · $19K Management & general 14% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation

Robert W Karr JR

President

$0Pt VII · Sec A

Dayne Kono

Secretary

$0Pt VII · Sec A

Suzanne Kopp-Moskow

Executive Vice President

$0Pt VII · Sec A

See Project 120 Chicago executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves historic Jackson Park into an extraordinary urban park for science, nature, and humanity.

Questions for Project 120 Chicago

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1 program · $19K · in their own filed words · FY2021

01

Planning stage of the development of historic jackson park into one of the most extraordinary urban parks in the nation where visitors can explore and experience science, nature, and humanity.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3328527) · Dispute this line

$19Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2019

Jewish Federation of Metropolitan ChicagoFY2019$36K

Total grants receivedfrom 1 funder$36K

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$50

Ln 12

Gifts and grantsLn 1h$50

Money outPt IX

$22K

Ln 25

Programscol B$19K

Managementcol C$3K

Owns and owesPt X

−$517K

net assets · Ln 32

Cash and savingsLn 1–2$586

Total assetsLn 16$108K

LiabilitiesLn 26$625K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$50

Total revenueLn 12$50

Assets in detailPt X, end of year

CashLn 1$586

Cash and savings togetherLn 1–2$586

Land, buildings, equipmentLn 10c$108K

Total assetsLn 16$108K

LiabilitiesLn 26$625K

Net assetsLn 32−$517K

OperationsPt I, VI

EmployeesI 50

VolunteersI 63

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$4K	$586
Land, buildings, equipmentLn 10c	$126K	$108K
Total assetsLn 16	$130K	$108K
LiabilitiesLn 26	$625K	$625K
Net assetsLn 32	−$495K	−$517K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$32		$32
Accounting feesLn 11c	$3K		$3K
Office expensesLn 13	$160	$80	$80
Depreciation, depletion and amortizationLn 22	$18K	$18K
InsuranceLn 23	$491	$491
Total functional expensesLn 25	$22K	$19K	$3K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest ViewingFiled with the IRS Apr 15, 2022	$50	$22K	−$22K	−$517K	990 PDF
FY2020Filed with the IRS May 14, 2021	$10K	$30K	−$20K	−$495K	990 PDF

Files the 990-N e-Postcard (latest 2023). Last full Form 990: 2021. The 990-N has no money details, and postcard years before 2023 are not published by the IRS.

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2021 990

Part I · Summary $50 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $10,000$50

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $10,000$50

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $29,959$21,639

I-18 Total expensesPrior year $29,959$21,639

I-19 Revenue less expensesPrior year −$19,959−$21,589

Part VI · Governance 3 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $50 across 3 lines filed

VIII-1f All other contributions, gifts and grants$50

VIII-1h Total contributions, gifts and grants$50

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$50

Part IX · Statement of functional expenses $21,639 across 5 lines filed

IX-11b Legal feesManagement $32$32

IX-11c Accounting feesManagement $3,020$3,020

IX-13 Office expensesPrograms $80 · Management $80$160

IX-22 Depreciation, depletion and amortizationPrograms $17,936$17,936

IX-23 InsurancePrograms $491$491

IX-25 Total functional expensesPrograms $18,507 · Management $3,132 · Fundraising $0$21,639

Part X · Balance sheet $108,203 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $4,240$586

X-10c Land, buildings and equipment, netStart of year $125,552$107,617

X-16 Total assetsStart of year $129,792$108,203

X-17 Accounts payable and accrued expensesStart of year $625,277$625,277

X-26 Total liabilitiesStart of year $625,277$625,277

X-27 Net assets without donor restrictionsStart of year −$495,485−$517,074

X-32 Total net assets or fund balancesStart of year −$495,485−$517,074

X-33 Total liabilities and net assetsStart of year $129,792$108,203

Part XI · Reconciliation of net assets −$517,074 net assets at year end

XI-1 Total revenue$50

XI-2 Total expenses$21,639

XI-3 Revenue less expenses−$21,589

XI-4 Net assets at start of year−$495,485

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$517,074

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Project 120 Chicago

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Project 120 Chicago

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV